UFunded Kicks Off First Annual Fall Classic

Three schools compete to raise capital funds

“We wanted to create an opportunity for university communities to help the entrepreneurs from their school. It is our way of transferring the pride, passion and excitement of a game day sporting event to entrepreneurship,” said UFunded CEO Cuyler Hunter.

Columbus, OH (PRWEB) October 11, 2012

UFunded kicks off its first annual Fall Classic with three universities competing to find out who can raise the most capital, leverage social media and gain supporters for their entrepreneurial ideas.

Participants include:

MarketOSU from The Ohio State University – a website that allows sellers of football tickets or old textbooks to connect with future buyers

Case In Point from the University of Oklahoma – features an iPhone case that doubles as a set of speakers

LisaMom Foundation from the University of Nebraska – a non-profit that aids families who have lost a loved one to cancer.

“We wanted to create an opportunity for university communities to help the entrepreneurs from their school. It is our way of transferring the pride, passion and excitement of a game day sporting event to entrepreneurship,” said UFunded CEO Cuyler Hunter. “By adding a competitive element to crowdfunding, we make the experience more fun and engaging for everyone involved.”

The Fall Classic winners will be announced this December. Each submission is judged on the amount of money that is raised, the number of overall supporters, the number of supporters from their university, the amount of followers to each campaign and the amount of likes on Facebook and tweets on Twitter that the campaign generates. The overall number of points earned over 60 days will determine the winner of the Fall Classic. UFunded is accepting submissions through the end of October. Any new submission will receive $500 to participate and will be counted in the final fundraising totals.

Based on the criteria identified above, Market OSU is in the lead and has raised $935, the LisaMom Foundation has raised $660, and Case In Point has raised $515.

UFunded is the only crowdfunding platform dedicated to accelerating entrepreneurship within university communities. “UFunded leverages the inherent affinity of alumni for their alma maters” said Hunter. “We enable students, alumni and faculty to showcase their products, services and ideas to an existing but yet untapped resource of alumni funders, advisors and collaborators.”